StockNews.com Upgrades Vishay Intertechnology (NYSE:VSH) to Hold

Vishay Intertechnology (NYSE:VSH) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Separately, TD Cowen decreased their price target on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Thursday, August 8th.

Vishay Intertechnology Price Performance

Shares of NYSE VSH opened at $18.17 on Thursday. The company has a fifty day moving average price of $17.63 and a 200 day moving average price of $20.19. Vishay Intertechnology has a 1-year low of $14.95 and a 1-year high of $24.72. The firm has a market cap of $2.47 billion, a PE ratio of 29.00 and a beta of 1.12. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The firm had revenue of $735.35 million for the quarter, compared to the consensus estimate of $748.84 million. Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The firm’s quarterly revenue was down 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. Research analysts predict that Vishay Intertechnology will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Matrix Trust Co acquired a new stake in Vishay Intertechnology during the 3rd quarter valued at $25,000. nVerses Capital LLC acquired a new stake in shares of Vishay Intertechnology during the 2nd quarter worth about $45,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Vishay Intertechnology by 11,136.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,135 shares of the semiconductor company’s stock worth $48,000 after buying an additional 2,116 shares during the period. Adirondack Trust Co. grew its stake in Vishay Intertechnology by 71.4% in the 3rd quarter. Adirondack Trust Co. now owns 4,800 shares of the semiconductor company’s stock valued at $91,000 after buying an additional 2,000 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Vishay Intertechnology during the third quarter worth approximately $101,000. 93.66% of the stock is currently owned by institutional investors.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.